Health system pays for lighting retrofit, building automation upgrade largely with green fund

Source: Jeff Ferenc, HFM Daily

Cleveland Clinic is wasting no time in making the $7.5 million green revolving fund (GRF) pay major financial dividends by launching ambitious energy-savings projects paid for, in large part, through the fund.

Touted as the largest of its kind in the health care field and one of the largest in any business sector in the nation when the green revolving fund was announced in May, Cleveland Clinic is moving quickly to increase its energy-efficiency index by investing in large-scale, energy-saving projects…

The GRF will help to drive Cleveland Clinic’s goal to reduce energy intensity by 20 percent by 2020. Through the end of 2015, Cleveland Clinic had reduced its energy demand by 12.3 percent across its 20 million square feet of facilities compared with a baseline year of 2010.

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